According to Foresight News, public blockchain project Lollipop Labs has announced its participation in the Hong Kong Cyberport Incubation Program. Lollipop Labs will benefit from financial support, critical network resources, and opportunities provided by Cyberport, along with access to office space offered by the program.

Lollipop Labs aims to address existing liquidity issues in the Web3 token market, positioning Hong Kong as a crucial hub connecting traditional financial markets with the emerging digital economy. The project plans to allocate resources towards further developing its public blockchain and is committed to advancing blockchain technology innovation in the Hong Kong region.